Regulatory Alerts2020-06-29
Implementation of ESMA Guidelines on Knowledge and Competence Assessment (ESMA/2015/1886)
The Prudential Control and Resolution Authority (ACPR) College has declared compliance with ESMA Guidelines on the assessment of knowledge and competence for personnel providing investment advice or information on financial instruments. These guidelines apply to credit institutions marketing structured deposits as defined in Article L. 312-22 of the Monetary and Financial Code. Institutions must take all necessary measures to comply with these guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010.
OPINION Implementation of the European Securities and Markets Authority (ESMA) Guidelines on the assessment of knowledge and competence (ESMA/2015/1886)
The College of the Prudential Control and Resolution Authority (ACPR) has declared itself compliant with the European Securities and Markets Authority (ESMA) Guidelines on the assessment of knowledge and competence of personnel providing investment advice or information to clients on financial instruments, structured deposits, investment services, or ancillary services (ESMA/2015/1886).
These Guidelines apply to credit institutions that market structured deposits within the meaning of Article L. 312-22 of the Monetary and Financial Code. These institutions shall take all necessary measures to comply with these Guidelines, in accordance with the provisions of Article 16 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority).